Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0867%/8h= +94.9% APRpaid last 24h +0.345%

Price spread now: GMX against OKX−0.263%112s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.263% cheaper against OKX than usual: you would sell low and buy high (spread −0.263% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 24 hours of funding at the current rate (+$26 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4523	0.0100	pay 0.0100% / 8h	13m 32s	$34.2M	$151.5M	50x
Short	GMX WLD/USD [ETH-USDC]	0.4511	L +0.0219% / S −0.0967%	get 0.0121% / 1h	13m 32s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GMXbpOrdersPrice spread, now −0.263%Rate

Funding earned: $182.09
Price spread: −0.263% → 0.000%: −$26.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $133.8
Costs to cover: 0.220%
Break-even: 1.9 days

Slippage unknown: OKX: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	1.11 bp	7.7 bp −$8	15.1 bp −$151	233.6 bp −$23.4K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.332%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0018%	1h	0.4515	−0.188%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4521	−0.047%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4517	−0.133%	$51K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.063%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4524	+0.022%	$27K	$671K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4526	+0.066%	$229K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	−0.065%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	+0.004%	$86.7M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4521	−0.044%	$64.0M	$89.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4523	long leg	$34.2M	$151.5M	50x
Gate WLD_USDT	+0.0100%	8h	0.4520	−0.066%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4520	−0.066%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4520	−0.066%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4519	−0.088%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4520	−0.066%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4526	+0.062%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.248%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.226%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4519	−0.090%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.243%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	−0.159%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4521	−0.044%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	0.000%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.111%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4523	0.000%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4517	−0.135%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.051%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.323%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4525	+0.042%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.349%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.044%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4527	+0.091%	$324	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]short	L +0.0219% / S −0.0967%	1h	0.4511	−0.263%	$4K	—	100x
BloFin WLD-USDT	+0.0220%	8h	0.4510	−0.287%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0400%	1h	0.4524	+0.022%	$50.3M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4525	+0.044%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4525	+0.050%	$867K	$2.8M	50x	as long as short